when the government sets the exchange rate on private banks ($20/oz or $35/oz) or itself ships gold back and forth, that is not gold standard I understand. It is true that if there are hostile countries, people in free countries suffer as well (pay for defense, etc.) But organized labor did more damage to economy than anything else (like organized labor in government offices, Pentagon and its subcontractors.) My thinking may be wishful, but anarchism is a complete utopia like communism.
Want DP delivered to your inbox daily? Subscribe here: